Global Pressure Relief Devices Market Research Report

The global pressure relief devices market, mainly driven by competitive pricing from players and the ability to treat chronic and acute wounds, was valued at $268 million in 2013, and expected to reach $379 million by 2018, at a CAGR of 7.5%. The pressure relief devices market is the fastest-growing segment of $3.4 billion global therapy devices market.

Asia is the fastest-growing market because of increase in aging population and high prevalence of chronic wounds. Pressure relief devices are useful for patients suffering from pressure ulcers or decubitus ulcers. Growing confidence of physicians in pressure relief devices and patient awareness are also among the major driving forces for pressure relief devices market. Asia has become the most attractive market as it consists of both developed and developing markets which have great potential. Although penetration is currently low, the market in Asia presents potential opportunity for growth of pressure relief devices due to its higher population base, increasing patient awareness, rising chronic patients and higher disposable incomes.

In North America (US, Canada and Mexico) and Europe (Germany, France, Italy, Spain, UK), the rising rates of chronic wounds and ageing population has motivated companies to focus on therapy devices wound care products. In Europe, the pressure relief devices market is forecast to rise from $59 million to $83 million in the next five years, with a growth rate of 7.4%. The pressure relief devices market is better accepted in developed countries due to favorable reimbursement rates. The changing business environment and increased patient needs has brought about the development of innovative therapy devices that are easier to use, more comfortable and provide quick wound healing with less pain.

It is estimated that on an average 11% of people in nursing centers suffer from decubitus ulcers in the United States. There is high prevalence of chronic disease in Asia because of growing aging population and change in lifestyles. Whereas, in North America and Europe, it’s because of high diabetes and obese population.

The report also provides an extensive competitive landscaping of companies operating in pressure relief devices market. The main companies operating in Pressure Relief Devices market and extensively covered in this report are Hill-Rom (VersaCare), Stryker (PLEXUS Auto Aire), Arjohuntenliegh, and Invacare, Inc. Segment and country-specific company shares, news & deals, mergers and acquisitions, segment specific pipeline products, product approvals, and product recalls of the major companies have been detailed.

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Asian Pressure Relief Devices Market
The Asian Pressure Relief Devices Market was valued at $27 million in 2013 and expected to be $41 million by 2018, growing at a CAGR of 8.7%. The report “Asian Pressure Relief Devices Market Forecast, 2012-2018“analyzes the market of Pressure Relief Devices by 2 types such as Low-tech devices and High-tech devices. The main companies operating in this market and extensively covered in this report are Hill-Rom (VersaCare), Stryker (PLEXUS Auto Aire), Arjohuntenliegh, Invacare, Inc., and others.

Upcoming

European Pressure Relief Devices Market
The European Pressure Relief Devices Market was valued at $59 million in 2013 and expected to be $83 million by 2018, growing at a CAGR of 7.4%. The report “European Pressure Relief Devices Market Forecast, 2012-2018” analyzes the market of Pressure Relief Devices by 2 types such as Low-tech devices and High-tech devices. The main companies operating in Pressure Relief Devices market and extensively covered in this report are Hill-Rom (VersaCare), Stryker (PLEXUS Auto Aire), Arjohuntenliegh, Invacare, Inc., and others.

Upcoming

North American Pressure Relief Devices Market
The North American Pressure Relief Devices Market was valued at $160 million in 2013 and expected to be $224 million by 2018, growing at a CAGR of 7.3%. The report “North American Pressure Relief Devices Market Forecast, 2012-2018“analyzes the market of Pressure Relief Devices by 2 types such as Low-tech devices and High-tech devices. The main companies operating in Pressure Relief Devices market and extensively covered in this report are Hill-Rom (VersaCare), Stryker (PLEXUS Auto Aire), Arjohuntenliegh, Invacare, Inc., and others.